OREANDA-NEWS. November 01, 2012. A regular meeting of the Board of Directors of TATNEFT, chaired by R.N. Minnikhanov, President of the Republic of Tatarstan, was held in Kazan (Republic of Tatarstan), reported the press-centre of TATNEFT.

The Board of Directors reviewed the budget execution of TATNEFT for nine months of 2012 and approved the budget for November of this year.

The Board of Directors was informed of the plans for crude oil production and geotechnical activities for 2013-2014. The main volume of the geotechnical activities to ensure the plan execution for 2013 includes drilling and putting into operation of new wells, as well as commissioning of new wells for water injection. The crude oil production at the expense of tertiary EOR will remain at 21% of the total production volume.

The Board of Directors reviewed the information about the official of TATNEFT who will supervise compliance with the requirements of the Russian legislation on combating misuse of the insider information and market manipulation.

The Board of Directors discussed the development of the passenger and cargo transportation market and logistics structuring of "Tatneft-TransService" Management Company, which includes 13 subsidiaries with a total of 5777 employees.

The Board of Directors also considered a number of other issues of TATNEFT activity.